Rising Remittances And FDI To Boost Peso

Rising remittances from overseas Filipino workers (OFWs) should continue to boost the peso. Although remittances were down 3.26% m-o-m at US$1.104bn in June, they surged by 18.07% y-o-y, taking the cumulative amount for January-June to US$5.959bn, and increase of 15.38% y-o-y.

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